Russia, Iran Negotiate Joint Projects Worth $10bn

Russian Minister of Energy Alexander Novak (pictured) and Iranian Minister of Information and Communications Technology Mahmoud Vaezi have met to discuss contracts worth $10 billion, according to a report from Sputnik News.

Novak said the countries are expected to sign more than 10 contracts in the fields of construction and railway electrification, adding that two draft agreements with Zarubezhneft and Rosgeology are ready to be signed.